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NNN Retail Space
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86 E University Pkwy, Orem, UT 84058

Approximately 45,233 SF available now, formerly Painted Tree, with high traffic counts along University Parkway and State Street.

Space Size45,233 SF
Days on Market888

Property Features for 86 E University Pkwy

General Information

Standard status Active
Size 45,233 SF
Property subtype RETAIL
Lease Type NNN

Additional Details

Traffic Count 60,134 vehicles/day

Spaces For Lease

at 86 E University Pkwy Contact us

86 E University Pkwy

Floor
1
Size
45,233 SF
Type
RETAIL
Rate
Contact for pricing
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- 45,233 SF Available Now (Former Painted Tree) - Excellent Co-Tenancy - Prime Retail...
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Contact us
Listing Agency: Mountain West - Corporate
Listed By: Andy Moffitt · License #6797474-SA00
Source: Moodyscre
Added: Apr 9, 2024 Changed: Sep 8 Last Checked: Sep 13 at 11:34AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mountain West - Corporate

Investment Insights

Based on property information with market context.

A retail space totaling approximately 45,233 SF is available now and was formerly occupied by Painted Tree. The property is offered under an NNN lease structure.

The center benefits from strong area traffic, with 60,134 ADT reported on University Parkway and 49,325 ADT reported on State Street. The listing also notes excellent co-tenancy within the surrounding retail mix.

For leasing context, the NNN rate is stated as $5.22/SF.

Key Highlights

  • 45,233 SF retail space available now (former Painted Tree)
  • On University Parkway with 60,134 ADT
  • On State Street with 49,325 ADT

Property Analytics

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Current Use

Lucky Clover Designs ... Interior Design Painted Tree Boutiques ... Shopping Center & Mall Seeking Good (Bike/Boat/Book/etc) Store Rachel's Refuge (Bike/Boat/Book/etc) Store The Warehouse - Orem Furniture & Home Goods

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Butcher Catering Service HVAC Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

60,134 VPD
Traffic count
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,284
Businesses Nearby
327k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 48% Dining 26% Home Improvements & Furnishings 12% Electronics 8%
Lowe's Home Improvements & Furnishings
28,208 visits/mo 0.4 miles
Best Buy Electronics
27,616 visits/mo 0.3 miles
Michaels Shops & Services
25,306 visits/mo 0.1 miles
Golden Corral Dining
25,264 visits/mo 0.4 miles
Jo-Ann Fabric and Craft Shops & Services
24,203 visits/mo 0.1 miles

Demographics for 84058, UT

33,734
Population
11,749
Households
2.9
Avg Household Size
26
Median Age
41%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
4,217
Density / Sq Mi
$71,474
Median Household Income
$27,325
Median Earnings
$1,395
Median Rent
$441,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Similar Off Market Nearby

  • Orem State Street Plaza 1666 State St, Orem, UT 84097
  • Painted Tree Boutiques - Orem 86 E University Pkwy, Orem, UT 84058
  • Lake Pointe Shopping Center 296 W University Pkwy, Orem, UT 84058
  • Carillon Square 309 E University Pkwy, Orem, UT 84058
  • University Crossing 386 E University Pkwy, Orem, UT 84058

Frequently Asked Questions

What type of property is this?
Shopping center - Approximately 45,233 SF available now, formerly Painted Tree, with high traffic counts along University Parkway and State Street.
Where is this shopping center located?
The property is located at 86 E University Pkwy Orem, UT.
What are key features of this property?
This property features: 45,233 SF retail space available now (former Painted Tree); On University Parkway with 60,134 ADT; On State Street with 49,325 ADT
(801) 456-8811 Call to check price and availability
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